Business Continuity & Disaster Recovery for Insurance Companies

Business Continuity and Disaster Recovery for Insurance Companies

The insurance industry is uniquely situated to understand the need for robust business continuity management (BCM) and disaster recovery (DR) solutions. With evolving state and federal regulatory requirements and a growing emphasis on governance, the ability to continue operations in the face of an unexpected incident is key to business success in the insurance industry. 

Quantivate Business Continuity Software helps insurance companies remain competitive when an incident occurs through:

• Risk Assessment (Threat and Vulnerability Analysis)
• Business Impact Analysis (BIA)
• Strategies and Solutions Development
• Plan Development
• Plan Maintenance
• Exercises
• Emergency Notifications (SMS, Email, Voice Broadcast)
• Incident Management

Business Continuity Management (BCM) Software

Operationally strategic and deployable business continuity plans are critical to ensuring your organization can survive and succeed following an unplanned disaster. Maintaining these plans with word processing software, spreadsheets, or disconnected solutions is time-consuming and doesn’t meet the growing requirements from regulators, auditors, government agencies, customers, or investors.

Quantivate Business Continuity Software for insurance companies reduces the time you spend managing and maintaining plans. The solution enables you to understand your organization, develop and maintain implementable plans, and increase the availability of critical operations across the enterprise. Quantivate Business Continuity uses a repeatable methodology that removes single points of failure in processes and technology. This enables quantifiable risk measurement capabilities and allows business continuity data to be harnessed for the greater governance, risk, and compliance (GRC) good.

Flexibility and Scalable BCM Software

Quantivate Business Continuity Software for insurance companies has an easy-to-use interface that allows you to quickly construct your BC plan with minimal effort. Simply point, click, and configure your way to the perfect tool to fit your needs.

Easy Plan Customizations and Prebuilt Templates

Quantivate Business Continuity’s question-based plan templates will increase your efficiency and engage your employees. Available plan templates include:

• Business Continuity
• Continuity of Operations
• Pandemic Flu
• Application Disaster Recovery
• Platform Recovery
• Server Recovery
• Data Center Recovery
• Crisis Management (with or without Incident Command Structure elements)

Save Time With Quantivate Services and Consulting

Not every organization has the expertise or resources to develop and maintain their BC program. Let Quantivate’s experts complete the work for you. Quantivate consultants use proprietary processes and software solutions to build your BC, DR, Pandemic, Crisis Management and/or EOC Plans.

It’s as easy as 1-2-3:

1. We Schedule Interviews
2. We Interview Your Staff
3. You Get Your Plans

Emergency Notifications

The probability of major emergencies, such as natural disasters, pandemic outbreaks, terrorist attacks, has increased in recent years. However, disruptions in your organization can’t be predicted. This makes it difficult to reach and account for staff members during unexpected crises. Quantivate takes what is typically a time-consuming manual process and provides an automated solution for emergency notifications.

Reach Anyone, Anywhere, on Any Device

Effective emergency notification requires multi-layered communication channels to ensure key personnel get the information they need. To ensure vital messages aren’t missed in a crisis, Quantivate Emergency Notifications gives users the ability to reach people in multiple ways including voice calls, SMS text messages, and emails.

Voice Messages

Quantivate Emergency Notifications allows users to send a notification via a phone message. You can send phone messages in the following formats:

• Text to Speech – type in text that will be translated to voice in a phone message
• Voice Recording – record or upload a voice message to your notification recipients
• Single Question Poll – when your notification is sent, recipients receive a poll
• SMS Text Messages – send text messages to personnel on the go

Email

Reach personnel at their desk or on the road through email notifications.

Benefits

• Saves valuable time in an emergency by contacting key personnel simultaneously
• Frees up employees to concentrate on other tasks
• Improves chances that the message is received by contacting recipients over multiple communication methods
• Ability to track and confirm delivery of messages in real time
• Enables business continuity communications required to fulfill compliance and audit obligations